How to Become a SAP FICO Consultant


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In this PPT, learn more about SAP FICO Consultant Job profile, SAP FICO module, SAP FICO Consultant roles and responsibilities, SAP FICO consultant skills, SAP FICO consultant career opportunities.

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How to Become a SAP FICO Consultant

  1. 1. BECOME A SAP FICO CONSULTANT & JOB PROFILE Learn more about Highly Paid Jobs in IT
  2. 2. Contents  Who Is A SAP FICO Consultant  Introduction To SAP FICO SAP FI Module; Sub Module SAP CO Module; Sub Module  SAP FICO Consultant Roles  SAP FICO Consultant Responsibilities  SAP FICO Career Opportunities  Required Skills  SAP FICO Job Outlook
  3. 3. Who Is A SAP FICO Consultant  SAP FICO consultant – specialized in SAP FICO module  SAP FICO module refers to the Finance (FI) and Controlling (CO) modules of SAP ERP system.  They are integrated with Sales and Distribution Module ( SD) and Materials management (MM) module.  Both FI and CO modules store the financial transactions data
  4. 4. SAP FICO Module SAP FICO Stands for FI (Financial Accounting ) & CO (Controlling) FI- Used for external reporting i.e.. balance sheet, Profit and Loss statements; Receives postings from various other modules such as Materials Management, Sales and Distribution, Human Resource) through integration. CO- Used for the internal reporting purpose; Controlling Area is the organization unit used to represents the controlling activities of Cost Center accounting, Profit Center Accounting, Product Costing, and Profitability
  5. 5. SAP FI Sub Module SAP CO Sub-Modules  General Ledger accounting Cost Element Accounting  Accounts Receivables Cost Center Accounting  Accounts Payable  Asset Accounting  Bank Accounting  Consolidation  Special Purpose Ledger  Travel Management Profit Center Accounting Internal Orders Product Cost Controlling Profitability Analysis
  6. 6. SAP FICO Consultant Roles & Responsibilities  Designing, building and deploying SAP-based ERP solutions  Leading analysis and design in the SAP FI/CO area  Conduct structured testing internally and with users  Ensure stabilization of the solution and continuous improvements  Provide training to end-user
  7. 7. SAP FICO Consultant Tasks  Gather Information on client’s current business processes and prepare a document  Gather information on their business requirements and prepare  Data Mapping - Mapping the source data element for each data element in the target environment.  Gap Analysis-finding the gap between As-Is and To-Be processes.
  8. 8. How To Become A SAP FICO Consultant  Degree in accounting; finance; engineering.  Good understanding of accounting as well as financial and controlling processes.  Full project implementation cycle (design, development, testing, deployment and support)  Expertise with using solution manager.  Expertise with NewGL.
  9. 9. SAP FICO Career Opportunities  To start a career as a SAP FICO consultant, one needs to build a strong base covering all these aspects of SAP FI module and SAP CO module with a complete overview of SAP FICO.  SAP FI consultant training and SAP CO consultant training  Build expert hands on using SAP FICO module towards better management of finance accounting and reporting in enterprises.
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  11. 11. Thank you !